Creative Financial Designs Inc. ADV Sells 317 Shares of Visa Inc. (NYSE:V)

Creative Financial Designs Inc. ADV reduced its stake in Visa Inc. (NYSE:V) by 16.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,576 shares of the credit-card processor’s stock after selling 317 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Visa were worth $498,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Decker Retirement Planning Inc. bought a new position in Visa during the fourth quarter worth about $26,000. Bradley & Co. Private Wealth Management LLC bought a new position in Visa during the fourth quarter worth about $27,000. POM Investment Strategies LLC lifted its holdings in Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after acquiring an additional 32 shares in the last quarter. Modus Advisors LLC bought a new position in Visa during the fourth quarter worth about $32,000. Finally, Compass Planning Associates Inc bought a new position in Visa during the fourth quarter worth about $32,000. 82.15% of the stock is currently owned by institutional investors.

Visa Trading Down 0.1 %

Shares of NYSE:V opened at $334.30 on Wednesday. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $366.54. The stock has a market cap of $621.06 billion, a PE ratio of 33.70, a P/E/G ratio of 2.33 and a beta of 0.95. The business has a 50 day moving average of $338.84 and a 200-day moving average of $312.02. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. As a group, equities research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Tuesday, February 11th. Visa’s dividend payout ratio is presently 23.79%.

Insider Activity at Visa

In related news, General Counsel Julie B. Rottenberg sold 2,572 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total value of $874,480.00. Following the completion of the sale, the general counsel now directly owns 11,925 shares in the company, valued at approximately $4,054,500. The trade was a 17.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Paul D. Fabara sold 39,350 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $327.20, for a total value of $12,875,320.00. Following the completion of the sale, the insider now owns 26,413 shares of the company’s stock, valued at approximately $8,642,333.60. This trade represents a 59.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 103,855 shares of company stock worth $35,165,827. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on V. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Visa in a report on Thursday, February 13th. Seaport Res Ptn raised Visa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Wells Fargo & Company lifted their price target on Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Barclays lifted their price target on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Finally, UBS Group lifted their price target on Visa from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Seven analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $353.96.

Visa Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.